Bangladesh’s earning from handicraft exports exceeded its target by 25.26 percent to reach $10.86 million during the July-December period in the 2018-19 fiscal. According to Export Promotion Bureau (EPB), it is 38.34 percent more over the same period in the previous fiscal, which has been possible for sending the products to 32 countries.
Market analysts said the rising trend suggests that the country has a significant potential to increase exports of handicrafts to international markets if necessary measures are taken to maintain market-specific quality standards.
According to the Export Promotion Bureau (EPB), in this fiscal, the target was set at $18.00 million. In FY18, earning from handicrafts export was $16.69 million.
In the first six months of the year, the earning was $10.86 million against the export target of $8.67 million.
Shahjalal, secretary of the Bangladesh Handicrafts Manufacturers’ and Exporters’ Association (Banglacraft), told Bangladesh Post, handicraft items from Bangladesh, which enjoy high demand in the global market, include basketware, handmade furniture, leather goods, terracotta, handmade paper items, jute and wood goods, Christmas decorations, handloom, cane, grass, bamboo, mixed media and traditional jewellery.
A training centre to improve design and quality of the products is being set up, he added.
Italy, Belgium, England, Germany, Sweden, Portugal, Austria, the United States, Saudi Arabia, the United Arab Emirates and Japan are the main destinations of Bangladeshi handicraft, the secretary said.
During the FY17-18, Bangladesh earned $16.69 million from the handicraft sector, he said.
“We have been attending international trade fairs to attract foreign buyers. We can offer high quality products at competitive prices. That’s why the exports have increased,” he said.